News & Analysis

A place at the larger deal table may be permanent

Assisted by volatile market conditions, private debt firms have carved out a place for themselves in the mega-financing arena once solidly occupied by the banks.

Loan Note: Key themes in fund structuring; Oaktree says rate pressure yet to feed through

What a fund structuring survey from Dechert and the ACC tells us about the evolution of private debt. Plus: Oaktree expects rate pressure to feed the distressed opportunity; and Golub hires in Miami. Here’s today’s brief for our valued subscribers only.

Wells Fargo and Centerbridge target $5bn in new relationship

The bank and asset manager will focus on direct lending to non-sponsor companies through a business development company.

PGIM extends industrial streak with $333m SoCal financing

Two-loan package for GCP will fund acquisitions in high-demand Inland Empire market.

Apax raises $750m for dedicated credit funds

The firm’s credit funds will follow a flexible strategy with close links to its private equity business.

GSAM survey finds LPs ready to increase allocation to alts

Investors made the mistake of pulling back in the downturns of 2001 and 2008 and want to avoid that now.

Loan Note: Europe reaches a fork in the road on rates; Carlyle spies a financing opportunity

Fidelity says the continuing resilience of the market in Europe hinges on central bankers’ rate decisions. Plus: Carlyle’s Jason Thomas sees opportunity in borrower pressure; and Brightwood prices its latest CLO. Here’s today’s brief for our valued subscribers only.